BREAKING NEWS

IEC chair asks gov’t to declare official state of emergency

The Israel Electric Corporation requested Thursday that the Energy and Water Ministry convince the government to declare an official “state of emergency” for the Israeli electricity market.
On Monday, the IEC had launched a multi-day, comprehensive exercise to evaluate the country’s preparedness for the high electricity demands and subsequent power shortages that are expected to occur this summer.  Following the exercise, the company concluded that its expected available production capacity this summer will only meet peak electricity demands this summer by about 1 percent, according to an “immediate report” that the company submitted to both the Tel Aviv Stock Exchange and the Israel Securities Authority on Wednesday.Consequently, if an accidental mishap occurs in even one of the IEC’s production units, or if extreme weather conditions bring an increase in demand, the company will likely not be able to provide enough power to its consumers. People should therefore expect power outages in such cases, for hours in the most extreme conditions, the report said.
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